Search Results for: HP
USD/JPY needs to rebound from 101.60 to stay bullish
May 30th, 2014
Pair’s Outlook The currency pair remains unable to break the five-month down-trend resistance line, something that would most likely entail a robust recovery of the U.S. Dollar in the long term. But at the same time USD/JPY is underpinned ...
GBP/USD retreats from 100-day SMA
May 30th, 2014
Pair’s Outlook Being that GBP/USD has just broken out of the bullish channel to the downside and met a strong support level, there is likely to be a pullback up to 1.6784/76. And regardless of the bullish technical indicators ...
EUR/USD confirms monthly S2
May 30th, 2014
Pair’s Outlook EUR/USD is currently undergoing a bullish correction as a result of an encounter with the support at 1.3582 represented by the monthly S2 level. This rally, should it persist, is unlikely to extend beyond the weekly PP ...
GBP/USD violates 15-month up-trend
May 29th, 2014
Pair’s Outlook Even though the support at 1.6782/76 was deemed to be strong and most of the technical indicators were bullish, the Pound took a major hit yesterday. The currency plummeted through the monthly PP, 55-day SMA and, even ...
EUR/USD tests monthly S2
May 29th, 2014
Pair’s Outlook The selling pressure is likely to somewhat subside, considering that the currency pair is approaching a potentially tough support at 1.3582, consisting of the monthly S2 and weekly S1. Nevertheless, EUR/USD is expected to preserve the bearish ...
Stocks break more records
May 28th, 2014
Wall Street celebrated the unofficial start of summer with a sizzling performance. Stocks raced to all-time highs on Tuesday as investors cheered positive economic reports in the U.S. and a wave of buying in Europe over the long weekend. ...
GBP/USD challenges weekly PP
May 27th, 2014
Pair’s Outlook The Cable is currently eroding the supply area at 1.6855/51, a breach of which will pave the way towards a major level at 1.70. However, due to toughness of the resistance, advancement beyond this point seems to ...
EUR/USD postpones decline
May 27th, 2014
Pair’s Outlook EUR/USD recovered some of the losses yesterday, but the market is nevertheless considered to be bearish. The reason is that the key resistances, such as the down-trend at 1.39, stay intact, but some of the most important ...
USD/JPY Daily Chart
May 26th, 2014
Pair’s Outlook USD/JPY managed to close above the 200-day SMA, and this is a good bullish signal. However, there are still a number of tough resistances lying overhead that are capable of negating the current upward momentum. The nearest ...
USD/CHF Daily Chart
May 26th, 2014
Pair’s Outlook As it turned out, the 200-day SMA was not able to keep the bulls at bay for long and eventually gave in. Now, being well-supported at 0.8946/42, USD/CHF is supposed to move further north. If this is ...
